Statistics from the General Department of Customs show that in March, Vietnam exported 314,900 tons of cassava and cassava products, earning 142.1 million USD, a sharp increase of 45.1% in volume and 47.6% in value compared to the previous month. Compared to March last year, cassava exports increased by 14.7% in volume and 35.5% in value.
The accumulated export volume of cassava and cassava products in the first three months of 2024 reached 944,930 tons, with a value of 430.44 million USD, a decrease of 3.3% in volume but an increase of 15.6% in value compared to the same period last year.
In March, the average export price was 451.3 USD/ton, an increase of 1.7% compared to February 2024 and an increase of 18.2% compared to March 2023. Overall, in the first three months of this year, the average export price of this group of goods reached 455.5 USD/ton, an increase of 19.5% compared to the same period in 2023.
Cassava is a crop that brings in USD billion to Vietnam each year. Photo: Ethnic and Development Newspaper
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It is noteworthy that China continues to buy almost all of this product from our country, with an overwhelming proportion of 94.2% in volume and 92% in value in the total export turnover of cassava and cassava products of our country in the first quarter of this year.
Specifically, in March 2024, the volume of cassava exported to China reached 299,600 tons, earning 133.56 million USD. Compared to March last year, there was an increase of 33.2% in volume and a sharp increase of 59.6% in value.
In the first three months of 2024, Vietnam exported to China 890,550 tons of cassava and cassava products, with a value of over 400 million USD, only a slight increase of 0.7% in volume, but the value increased by a strong 20.7% compared to the same period last year.
Currently, cassava is the first USD billion root crop of Vietnam. In 2023, cassava and cassava product exports brought in 1.3 USD billion.
Recently, the Ministry of Agriculture and Rural Development approved the Project “Sustainable Development of Cassava Industry to 2030, Vision to 2050”.
According to the Ministry of Agriculture and Rural Development, the goal is to develop a stable, efficient, and sustainable cassava industry; to build a close linkage between production, processing, and consumption of products to create high economic value, contributing to job creation, poverty reduction, and improving the lives of people in rural areas; to increase export turnover and protect the environment.
Specifically, by 2030, the national fresh cassava output will reach about 11.5-12.5 million tons. The area of cassava grown using qualified plant varieties will reach 40-50%. The area of cassava grown applying sustainable farming practices will reach 50%. The export turnover of cassava and cassava products will reach 1.8-2 USD billion.
In the vision to 2050, Vietnam’s cassava industry will continue to develop sustainably, 70-80% of the cassava growing area will apply sustainable farming practices, the output of fresh cassava used for deep processing of some products (starch, ethanol, MSG…) will account for over 90%, the export turnover of cassava and cassava products will reach about 2.3-2.5 USD billion.
Tam An
